The committee's head, Falcons owner Arthur Blank, issued a statement saying that they were working towards finalizing "a contract extension with the Commissioner, consistent with the mandate provided in the unanimous May 2017 resolution."

Blank also affirmed that negotiations were progressing and that financial parameters were being worked out contrary to what has been previously reported.

Penalties that the Cowboys could incur include a loss of draft picks, fines or a suspension for Jones, The Times says. Some owners have even discussed a nuclear option forcing Jones to give up the team, ProFootballTalk reports.

Ironically, Jones was taken off of the committee in charge of compensation after his threat, according to Sports Illustrated. The owners who are now in the committee include Blank, Clark Hunt of the Chiefs, Robert Kraft of the Patriots, Bob McNair of the Texans, John Mara of the Giants and Art Rooney of the Steelers.

Some owners are mad that Jones has held "Goodell's compensation hostage" in order to punish the commissioner for Cowboys running back Ezekiel Elliott's suspension, according to the New York Times.

Elliott was suspended after a year long investigation by the league. The running back was accused of domestic violence but prosecutors in Ohio, where the alleged incident occurred, decided not to move on with the case.